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Fly News Breaks for March 7, 2018
MOMO
Mar 7, 2018 | 14:11 EDT
Jefferies analyst Karen Chan raised her price target for Momo shares to $48 from $45 citing the company's "strong" Q1 revenue. Momo's paying user recovery shows an improving social and content ecosystem, Chan tells investors in a post-earnings research note. She expects continued expansion of the company's audio-based social live features and keeps a Buy rating on the stock.
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